MOIL Ltd. bouncing from the convergence of 50 SMA and support zone in the weekly chart and likely to stay positive until it stays above 130-135 zone.
RSI bounced right from 50 levels which suggests underlying strength in the stock.
Probable resistance in the medium term comes at 169 level.
Keep a watch.
RSI bounced right from 50 levels which suggests underlying strength in the stock.
Probable resistance in the medium term comes at 169 level.
Keep a watch.